Topic: Here is why people make money from Airdrops - page 3. (Read 470 times)

I know someone who's made thousands from airdrops this year. From portal, JUP, STRK, and now WEN. I didn't make much from it, but maybe there's an opportunity in one of the listed exchanges you mentioned to leverage on..

If anyone was a part of a genuine airdrop when the market were in red and kept holding on to those tokens till the market went green they will make good profit. There is nothing to argue on that part. The problem is to find and track genuine airdrop. In the current market condition it will be hard to find one as there will be more scammers waiting to gain access to the wallet. Anyways it is always advisable to have two or three wallets only for airdrops.

Yeah, I think that is why some cex are also making their users participate in some events in this airdrops in other to encourage them and give those who don't have enough funds the opportunity to earn from those token airdrops

Airdrops nowadays are different compared to back in 2017, where you just had to fill up a google form and do simple tasks like following and retweeting on twitter. Nowadays, some airdrops are based on a point system where you need to complete tasks, often daily tasks. Some even require purchasing NFTs, staking, or other actions that necessitate funds to qualify for the airdrop. If we really want to earn from airdrops now, it requires a lot of diligence and investment. Ultimately, the decision to participate in these airdrops is up to us.

It can be said to be beneficial if the project that organizes the airdrop event provides benefits for the participants who take part in it, in other words they work according to the rules that are applied and then get paid which makes the party proud and vice versa if they get paid but have no value then the airdrops from the project is not useful because it's just a waste of time

I know that they're shit exchanges and from my research I prefer using only Bitget and Binance due to their quality in all circumstances(Security, POR, Users Protection Funds and so on..) And even this listings. I can boldly say that newly listed coins I have participated in have given me a good some even this WEN

Sure thing. I'm not forcing the ideology on anyone, we're here to learn and I believe that's what this platform was made for. Who knows the number of persons who got discourage because they thought all airdrops are scam and nothing good comes out from it.

Did you know that just as we have shit tokens, we equally have shit exchanges? Just because a project gets listed on an exchange doesn’t mean it will scale up. Sometimes they go for really easy exchanges that aren’t picky. Even picky exchanges like binance delists certain projects eventually. But if you have the patience as you mention in your third point, then you should try anyways since we know it doesn’t cost money and is supposedly free.

This makes sense because when you hunt airdrop especially now, it's more likely a game of chance, where if you have more luck then you are lucky.
There's nothing wrong with hunting airdrop as it is also profitable once you hit a jackpot by luck, you just need to be hardworking here and have patience.

It does because it's a way to market their project through these airdrops and giveaways. That's the strategy that many project have discovered for them to have more attraction in the market.

Once they've got that reputation that many have seen that they've provided successful airdrop and with decent amounts. Most investors will think that project has got a lot of money in the circulation and that's why they can provide such airdrops.

But in reality, that's just part of the marketing and that money allotted for the airdrop have been calculated and the return is greater because of the exposure that they'll get from the airdrop receivers and that's like words of mouth that will scatter in many crypto communities.

What can be said for sure: airdrops today are already entire quests. Where you need to show quite a bit of activity and this will not guarantee that something will come out of it or the project will end up being a dummy. I would say that the probability is closer to 80/20 that in the end it will be spent time is not worth the airdrop.I just don’t take part in them anymore, it’s easier to buy a lottery ticket

It's just that new airdrops - from the end of last year until now - are more often than not disappointing for many participants. I can give examples of Starknet, SmartLayer, QnA3; angry discussions are already beginning on Wormhole in the DC. Modern airdrops require financial investment (staking and delegation), even daily clicks require payment to the fee's. Of course, there are still some projects that reward their users free of charge, but these are becoming fewer and fewer.

You are right. It has become a trend to distribute free tokens, which gives a project credibility and trust from investors. Most of the big projects nowadays give airdrop which helps them not only bring in more investors but also build a community that will continue to support the project for the long run. This is also a marketing strategy taken by the project because it works better than a paid marketing campaign. Usually an airdrop announcement is shared by hundreds of different groups and kols all over social media.

your contribution is very clear,I know very well that there are people out there who makes money from airdrop,I keep seen people testifying on different airdrop,but whenever time I tried to  participate on any of this projects, i always end up doing the wrong ones, but I'm glad you gave instance of the project that will be launching their airdrop soon,I think I will make a deep research on this above mentioned projects.

I think airdrops are also a way for the team to attract more investors. Some people tend to associate legitimacy to those projects who give off if benefits for free. However some you might find that the airdrops they are willing to give are so huge so we still must stay alert at all times. Airdrops are a good source of money but don’t be too blinded that you don’t see carlos anymore.

Patience is truly needed on this because not all airdrops are able to make money and so as the airdroppers. If you think that most of them are welcoming and profitable that's because we're on the season of bull run and that shall make most of the projects have higher chance of being successful. Otherwise, check them out on the bear market and they're not going to give you any reward or they will give you rewards but the value of them are close to nothing.

The airdrop work is quite extensive. Nowadays, as far as I know, there are many ways in which the project reaches out to the community. From social, testnet, mainet,... all bring airdrop opportunities.

But it must be expressed that this environment is full of pitfalls, some people will receive joy and some will not be able to receive anything. Even as users' skills are increasing, fraud is difficult to detect, making competition more intense. But good charisma always attracts naturally without the need for fancy exaggeration, so don't worry too much about who opposes/supports these jobs, because we decide to choose for ourselves.

Is not like I don't know that people make money from airdrops I'm just making points for them that there are people out there who make money out of this still. Is good that you have verified this and given instances on other projects that will be launching their airdrop. I don't even know about this.

I guess I need to widen my searches to get more updates

And here is my contribution, neither you nor those you argue with have any idea what or how much money people are making from airdrop and the heavy amount of liquidity going into farming airdrop.
The few coins you have mentioned are just a little from the huge fields of airdrops.
Go do proper research on how sophisticated airdrop farming has become.

Most big projects don't bother sourcing for funds the old fashion way, all they need to do is drop their airdrop info and watch the community go crazy farming and burning trx fees for a piece of the pie.
Soon wormhole, zksync, LayerZero, Polyhedra, linea, Scroll, base and more will be dropping airdrop info one after the other and many of you will still be in doubt.

Between Parcl and Cashmere lab dropping soon

The continuation of the discussion from my last post, you can read through if you wish to learn and have the time https://bitcointalksearch.org/topic/--5487071.

There was a heavy argument among us during this thread, and to be honest, we learned from each other. The essence of the discussion was about whether Airdrops are beneficial or not; some argued it is, while some said it's not. Well, from my findings, I'd say it's a 50-50 game.

Why did I say so? It's because I tracked those who engaged in different airdrops earlier this year and last year's ending, and I noticed that most of them really made good gains. Two days ago, in the WhatsApp group I joined, some individuals were flaunting how much they have made from their WEN airdrop. They held it until this bullish day.

I also mentioned that airdrops that have the opportunity to be listed on exchanges have every tendency of appreciating in price. Take a look at STRK, PORTAL, and this WEN. You can research this as well to see for yourself the point I'm trying to make.

so if you check, you did see that these airdrops do give people money. What you've to consider is;
 1. The Chain they're been developed on,
 2. What Impact can it give and are cex putting interest in it?
 3. most importantly patience. Patience is the Ultimate you need to have in this Crypto Ecosystem in general